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Groww’s $748 million IPO becomes India’s biggest fintech listing with strong debut rally
Groww raised $748 million in India’s largest fintech IPO of the year, with shares closing 29% higher on strong retail and platform-driven demand.
Groww raised $748 million in its landmark IPO, marking the largest fintech public listing in India this year. Shares closed 29% higher on debut, supported by strong retail demand, expanding investor acquisition metrics, and the platform’s rapid growth in DIY investing. Analysts said the offering underscores the resilience of India’s digital financial ecosystem despite global fintech volatility.
The company’s user base expansion, profitability trajectory, and high engagement ratios contributed to the overwhelming subscription. Market observers expect the listing to set a benchmark for future consumer-tech IPOs.